AMARILLO, Texas (KAMR/KCIT) — The City of Amarillo City Council voted on an agreement to restore the Herring Hotel during the regularly scheduled city council meeting.

During Tuesday's meeting, the city council voted 4-0 (Tim Reid, Councilmember Place 1 abstained from the vote) to approve the Chapter 380 Economic Development Program Agreement. According to the city council agenda, the agreement includes rebates of the following collected by the hotel once in operation: 100% local Hotel Occupancy Tax for five years, followed by 50% local Hotel Occupancy Tax for five years, 100% of the State's Sales Tax revenues for 10 years, and 100% State Hotel Occupancy Tax for 10 years.

In the previous city council meeting, developer with Herring Hotel Partners, Todd Harmon and the founder of Campo Arc

See Full Page